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After Yesterday's Rally of 3.31% Shares Could Potentially Pullback

By Nick Russo

Pandora Media In (NYSE:P) traded in a range yesterday that spanned from a low of $8.76 to a high of $9.09. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $9.00 on volume of 6.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Pandora Media In has traded in a range of $6.76 to $14.98 and is now at $9.03, 34% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Pandora Media In and will alert subscribers who have P in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders pandora media in

Ticker(s): P